Henkel to invest 50 million euros to expand Pune facility in next 5 years
1 min read . Updated: 04 Feb 2020, 06:19 PM IST- Globally, Henkel is into both industrial and consumer businesses
- About 50% of the company's revenue comes from emerging markets
Mumbai: Henkel Adhesives Technologies India Ltd, a wholly owned subsidiary of Henkel AG & Co, will invest another 50 million euros to expand its existing adhesive facility at Kurumbh near Pune, one of its largest manufacturing facilities in the world, said a top company official.
The Germany-headquartered company has already invested 50 million euros in setting up the 100,000 sqm facility in the last five years. "We will continue to invest in the facility. We are working on the phase III and IV. So far, a major chunk of this facility serves in the Indian market. India is among our top ten markets," Jan-Dirk Auris, member of management board and executive vice president (adhesive technologies business unit), Henkal AG & Co. KGaA said.
About 50% of the company's revenue comes from emerging markets with India being among its three largest markets, Auris added.
Globally, Henkel is into both industrial and consumer businesses including laundry, home care and beauty care segment. A 140 year-old-company, it employs around 53,000 people across the globe. "We will continue to invest in local manufacturing, as it gives our adhesive technologies business in India a strategic advantage... The Kurkumbh manufacturing site will not only cater to the Indian market but also markets in geographic proximity such as Middle East, Africa and South Asia," said Shilip Kumar, president, Henkel India.
